rracbell

@rracbell

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Enjoying coffee and some fruit. So relaxing.

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Since US President Donald Trump’s AI and crypto czar, David Sacks, announced plans for the White House to host a summit featuring industry leaders and policymakers, many are questioning what the focus of the event will be.

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Crypto exchange Coinbase recently filed a request under the Freedom of Information Act (FOIA) to the SEC seeking to discover how much the SEC spent on enforcement action against crypto firms.

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“Leveraging Mastercard’s payment network, MetaMask Card connects your self-custody wallet with millions of vendors around the world,” the company explained.

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CIFR saw a slight 2.2% bump in after-hours trading to $4.19. The stock is at its lowest level so far this year but remains up around 20% over the past 12 months.

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“We saw the correct UI, we saw the correct address, then signed it. It could be that all of the signer’s PCs were hacked and the UI was changed,” the CEO told viewers in the livestream.

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The “Final Order of Forfeiture as to Specific Property,” issued on Feb. 18, 2025, comes from the US District Court for the Southern District of New York and runs dozens of pages detailing the sheer quantity of assets that the former CEO of FTX accumulated.

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A court document from a US District Court shows the extent of Sam “SBF” Bankman-Fried’s accumulated property forfeited: roughly $1 billion in assets, including two private jets, many political donations, countless crypto balances, and a healthy stake in Robinhood.

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Trump’s election win and rising market prices fueled across-the-board increases in crypto trading.

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Crypto assets under custody also increased 75% quarter-on-quarter to $35 million, while crypto trading volumes were up around fivefold compared to Q4 2023 and Q3 2024.

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Crypto trading volumes increased over 450% year-over-year to $71 billion.

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In the fourth quarter of 2024, Robinhood’s crypto revenue reached $358 million, accounting for over half of Robinhood’s $672 million transaction-based revenues, the company said during its February earnings call.

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“We don’t want to make decisions for the customer but if customers are asking for something and we feel like we have a way to offer it safely, we will do it,” Kerbrat reportedly said.

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Meanwhile, crypto exchanges — including Binance.US and Coinbase — have been ramping up memecoin listings since Trump’s Nov. 5 election win.

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In a Jan. 24 X post, Armstrong noted the challenges posed by the exponential growth of new tokens.

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Brian Armstrong, CEO of Coinbase, the largest cryptocurrency exchange in the United States, has proposed rethinking the company’s asset listing process in response to the surge in token creation.

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Following the initial reports, Binance co-founder Changpeng Zhao (CZ) echoed calls to track government spending onchain and said that all government spending in every country should be on a public ledger.

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Sources say that personnel associated with the DOGE have met with representatives from several public blockchain networks to discuss potential implementations of blockchain in the US government's operations.

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According to a report published by Bloomberg, the DOGE is also exploring the potential use of blockchain in payments and securing data by storing it in a decentralized way.

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The Department of Government Efficiency (DOGE), headed by Elon Musk, is reportedly exploring tracking government spending via blockchain in a bid to reduce the federal deficit.

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